LSTA Media Center

Management Team

LSTA Management Team.

Market News

2011 Loan Market Holidays - Calculation of Delayed Compensation

Delayed compensation accrues on loan market trades that do not settle within a set number of business days after trade date.

2012 Loan Market Holidays - Calculation of Delayed Compensation

Delayed compensation accrues on loan market trades that do not settle within a set number of business days after trade date.

Guidelines - Know Your Customer (KYC)

Know Your Customer (KYC) Guidelines have been published by the LSTA to identify clients and counterparties and ascertain relevant information pertinent to doing business with them.

2010 Loan Market 'Holidays' - Calculation of Delayed Compensation

Delayed compensation accrues on loan market trades that do not settle within a set number of business days after trade date.

The Loan Market Will Be Open New Year’s Eve, December 31st

The Loan Syndications and Trading Association (LSTA) is issuing this special reminder the loan market will be open Friday, New Year’s Eve, December 31, 2010 and the following Monday, January 3, 2011. More (click through to full press release)

The LSTA Recommends Treating July 4th as a Loan Market Holiday When Calculating Delayed Compensation

In observance of the U.S. Independence Day holiday, the Loan Syndications and Trading Association (LSTA) recommends treating Monday, July 4, 2011 as a loan market holiday for purposes of calculating delayed compensation under the LSTA standard forms of trade confirmation.

Legal Alerts

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Issues of Importance Concerning the Assignment of Litigation Claims

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LSTA Issues Principles for the Communication and Use of Confidential Information by Loan Market Participants

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Safety Kleen

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The Supreme Court Denies Review of In Re Owens Corning

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New York State’s High Court Finds State Jurisdiction Reaches E-Mail and Instant Messages

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Cooper-Standard Credit Agreement Summary of the CAM Exchange

On behalf of Cooper Standard, Deutsche Bank has authorized the LSTA to distribute to market participants this memorandum regarding the Cooper Standard CAM provisions.

LSTA News

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LSTA Publishes 4Q 2011 Secondary Trading Study Results

The LSTA presented the results of its 4Q 2011 Secondary Trading & Settlement Study, a data-driven analysis of secondary loan trading and settlement

The LSTA Releases Results of 2012 U.S. Loan Market Survey

In mid-December 2011, the LSTA surveyed its members to determine where they believed the loan market would go in 2012. There were a number of interesting findings. First, respondents expect leveraged loan issuance to remain relatively stable, or perhaps increase somewhat, in 2012.

LSTA Publishes CUSIP Guidelines

On Wednesday, October 19th, the LSTA published in final form CUSIP Guidelines which were developed through a consensus driven process by lead agents to standardize the CUSIP process. Administrative Agents should apply for CUSIPs on all loan deals that fall within the Shared National Credit (SNC) definition.

LSTA Publishes 3Q 2011 Secondary Trading Study Results

The LSTA presented the results of its 3Q 2011 Secondary Trading & Settlement Study, a data-driven analysis of secondary loan trading and settlement.

Bankruptcy Rule 2019 Goes Effective Today

Today, at long last, revised Bankruptcy Rule 2019 becomes effective, successfully ending a four year crusade by the LSTA to rationalize disclosure requirements by holders of distressed loans.

Credit Bidding Goes to the Supreme Court

On December 12, 2011, the United States Supreme Court agreed to hear an appeal of a case that will squarely address the critical issue of whether secured lenders in a bankruptcy can be prevented from “credit bidding” their debt in an auction of their collateral in a “cram down” plan of reorganization.

Press Releases

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LSTA Elects 2012 Board of Directors

The LSTA today elected its 2012 Officers and Board of Directors. Barclays' Jonathan Kitei was elected Chair and Invesco's Greg Stoeckle and Highbridge's Dave Frey were chosen as Vice Chairs. Additionally, GE Capital's Kevin Burke will serve as Treasurer and Octagon's Andrew Gordon will be Secretary.

LSTA Recommends Treating November 24th as Loan Market Holiday When Calculating Delayed Compensation

In observance of the U.S. Thanksgiving Day holiday, the Loan Syndications and Trading Association (LSTA) recommends treating Thursday, November 24th as a loan market holiday for purposes of calculating delayed compensation under the LSTA standard forms of trade confirmation.

LSTA Recommends Treating November 11th as a Loan Market Holiday When Calculating Delayed Compensation

In observance of the U.S. Veterans Day holiday, the Loan Syndications and Trading Association (LSTA) recommends treating Friday, November 11, 2011, as a loan market holiday for purposes of calculating delayed compensation under the LSTA standard forms of trade confirmation.

The LSTA Recommends Treating December 26th and January 2nd as Loan Market Holidays When Calculating Delayed Compensation

In observance of the U.S. Christmas Day holiday and the US New Year’s holiday, the Loan Syndications and Trading Association (LSTA) recommends treating Monday, December 26, 2011, and Monday, January 2, 2012 as loan market holidays for purposes of calculating delayed compensation under the LSTA standard forms of trade confirmation.

The LSTA Recommends Treating February 20th as Loan Market Holiday When Calculating Delayed Compensation

In observance of the U.S. Presidents’ Day holiday, the Loan Syndications and Trading Association (LSTA) recommends treating Monday, February 20, 2012 as a loan market holiday for purposes of calculating delayed compensation under the LSTA standard forms of trade confirmation.

The LSTA Recommends Treating October 10th as Loan Market Holiday When Calculating Delayed Compensation

In observance of the U.S. Columbus Day holiday, the Loan Syndications and Trading Association (LSTA) recommends treating Monday, October 10, as a loan market holiday for purposes of calculating delayed compensation under the LSTA standard forms of trade confirmation.

FAQs

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FAQs

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